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                                                                  EXHIBIT 10.21

BORROWER'S NAME AND              LENDER'S NAME AND
ADDRESS                          ADDRESS

Ebank Financial Services, Inc.   Newnan Coweta Bank     Loan Number 400698000
2410 Paces Ferry Road            P.O. Box 71699         Date 12/10/2003
Atlanta, GA 30358-0000           Newnan, GA 30271       Maturity Date 12/10/2004
                                                        Loan Amount $250,000.00
                                                        Renewal of NEW
                                                        Tax I.D. NO.: 58-2349097

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of Two Hundred Fifty Thousand and 00/100 Dollars
$250,000.00

[ ]   SINGLE ADVANCE: I will receive all of this principal sum on _____________.
      No additional advances are contemplated under this note

[X]   MULTIPLE ADVANCE: The principal sum shown above is the maximum amount
      of principal I can borrow under this note. On 12/10/2003 I will receive
      the amount of $__________________ and future principal advances are
      contemplated.

      CONDITIONS: The conditions for future advances are PURSUANT TO LOAN
      AGREEMENT OF EVEN DATE.

      [X]   OPEN END CREDIT: You and I agree that I may borrow up to the maximum
            amount of principal more than one time. This feature is subject to
            all other conditions and expires on 12/10/2004.

      [ ]   CLOSED END CREDIT: You and I agree that I may borrow up to the
            maximum only one time (and subject to all other conditions).

INTEREST: I agree to pay interest on the outstanding principal balance from
12/10/2003 at the rate of 6.00% per year until MATURITY.

[ ]   VARIABLE RATE: This rate may then change as stated below.

      [ ]   INDEX RATE: the future rate will be ______ the following index rate:

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      [ ]   NO INDEX: The future rate will not be subject to any internal or
            external index. It will be entirely in your control.

      [ ]   FREQUENCY AND TIMING: The rate on this note may change as often as
            _____________________________.  A change in the interest rate will
            take effect _________________________.

      [ ]   LIMITATIONS: During the term of this loan, the applicable annual
            interest rate will not be more than __________% or less than _____%.
            The rate may not change more than _____________% each _____________.

      EFFECT OF VARIABLE RATE: A change in the interest rate will have the
      following affect on the payments:

      [ ]   The amount of each scheduled payment will change

      [ ]   The amount of the final payment will change.

      [ ]   ____________________________________________

ACCRUAL METHOD:  Interest will be calculated on a ACTUAL/360 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
owing after maturity, and until paid in full, as stated below:

      [ ]  on the same fixed or variable rate basis in effect before maturity
           (as indicated above).

      [X]  At a rate equal to 16%.

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[X]   LATE CHARGE: If a payment is more than 10 days after its is due, I agree
      to pay a late charge of 5% OF PMT AMT W/MIN $5.00 UP TO MAX OF $200.00.

[X]   ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
      charges which [X] are [ ] are not included in the principal amount above:
      SEE DISBURSEMENT STATEMENT PAYMENTS: I agree to pay this note as follows:

[X]   INTEREST: I agree to pay accrued interest monthly beginning 01/10/2004.

[X]   PRINCIPAL: I agree to pay the principal at maturity (12/10/2004).


[ ]   INSTALLMENTS: I agree to pay this note in _________________ payments and
      each payment will be in the amount of $ _______________________ and will
      be due _____________________. A payment of $_______________ will be due
      __________________ thereafter. The final payment of the entire unpaid
      balance of principal and interest will be due __________________________.

[ ]   If checked, and this loan is secured by a (list ____ on ____) ___________,
      then any accrued interest not paid when due (whether due by reason at a
      schedule of payment or due because of lenders demand) will become part of
      the principal thereafter, and will bear interest at the interest rate in
      effect from time to time as provided for in this agreement.

ADDITIONAL TERMS:

[X]   SECURITY: This note is separately secured by (describe separate document,
by type and date):

      SECURITY AGREEMENT dated 12/10/2003 COVERING 246,550 SHARES OF STOCK.
Signature for Lender


/s/ Allan C. Payton
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ALLAN C. PAYTON, SENIOR VICE PRESIDENT

PURPOSE: The purpose of this loan it WORKING CAPITAL LINE OF CREDIT.

SIGNATURES AND SEALS: IN WITNESS WHEREOF, I HAVE SIGNED MY NAME AND AFFIXED MY
SEAL ON THIS 10TH DAY OF December, 2003. BY DOING SO, I AGREE TO THE TERMS OF
THIS NOTE (INCLUDING THOSE ON PAGE 2). I HAVE RECEIVED A COPY ON TODAY'S DATE.

eBANK FINANCIAL SERVICES, INC.

/s/ James L. Box                             (Seal)
--------------------------------------------
James L. Box, CEO

                                    (Seal)
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[ ]   INSTALLMENTS: I agree to pay this note in _________________ payments and
      each payment will be in the amount of $ _______________________ and will
      be due _____________________. A payment of $_______________ will be due
      __________________ thereafter. The final payment of the entire unpaid
      balance of principal and interest will be due __________________________.

[ ]   If checked, and this loan is secured by a (list ____ on ____) ___________,
      then any accrued interest not paid when due (whether due by reason at a
      schedule of payment or due because of lenders demand) will become part of
      the principal thereafter, and will bear interest at the interest rate in
      effect from time to time as provided for in this agreement.

ADDITIONAL TERMS:

[X]   SECURITY: This note is separately secured by (describe separate document,
by type and date):

      SECURITY AGREEMENT dated 12/10/2003 COVERING 246,550 SHARES OF STOCK.
Signature for Lender


/s/ Allan C. Payton
-------------------------------------------
ALLAN C. PAYTON, SENIOR VICE PRESIDENT

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PURPOSE: The purpose of this loan it WORKING CAPITAL LINE OF CREDIT.

SIGNATURES AND SEALS: IN WITNESS WHEREOF, I HAVE SIGNED MY NAME AND AFFIXED MY
SEAL ON THIS 10TH DAY OF December, 2003. BY DOING SO, I AGREE TO THE TERMS OF
THIS NOTE (INCLUDING THOSE ON PAGE 2). I HAVE RECEIVED A COPY ON TODAY'S DATE.

eBANK FINANCIAL SERVICES, INC.

/s/ James L. Box                             (Seal)
--------------------------------------------
James L. Box, CEO

                                    (Seal)
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                                    (Seal)
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                                    (Seal)
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DEFINITIONS: As used on page 1, "[X]" means the terms first apply to this loan
"I", "me" or "my" means each Borrower who signs this note and each other person
or legal entity (including guarantors, endorsers, and sureties) who agree to
pay this note (together referred to as "us"). "You" or "your" means the Lender
and its successors and assigns.

APPLICABLE LAW: The law of the state of Georgia will govern this note. Any term
of this note which is contrary to applicable law will not be effective, unless
the law permits you and me to agree to such a variation. If any provision of
this agreement cannot be enforced according to its terms, this fact will not
affect the enforceability of the remainder of this agreement. No modification
of this agreement may be made without your express written consent. Time is of
the essence in this agreement.

COMMISSIONS OR OTHER REMUNERATION: I understand and agree that any insurance
premiums paid to insurance companies as part of this note will involve money
retained by you or paid back to you as commissions or other remuneration.

In addition, I understand and agree that some other payments to third parties
as part of this note may also involve money retained by you or paid back to you
as commissions or other remuneration.

PAYMENTS: Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued unpaid interest, and then unpaid principal. If
you and I agree to a different application of payments, we will describe our
agreement on this note. I may prepay a part of, or the entire balance of the
loan without penalty, unless we specify to the contrary on this note. Any
partial prepayment will not excuse or reduce any later scheduled payment until
this note is paid in full (unless, when I make the prepayment, you and I agree
in writing to the contrary).

INTEREST: Interest accrues on the principal remaining unpaid from time to time,
until paid in full. If I receive the principal in more than one advance, each
advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal advanced at that time. You and I may provide in this agreement for
accrued interest not paid when due to be added to principal. Notwithstanding
anything to the contrary, I do not agree to pay and you do not intend to charge
any rate of interest that is higher than the maximum rate of interest you could
charge under applicable law for the extension of credit that is agreed to here
(either before or after maturity). If any notice of interest accrual is sent
and is in error, we mutually agree to correct it, and if you actually collect
more interest than allowed by law and this agreement, you agree to refund it to
me.

INDEX RATE: The index will serve only as a device for setting the rate on this
note. You do not guarantee by selecting this index, or the margin, that the
rate on this note will be the same rate you charge on any other loans or class
of loans to me or other borrowers.

ACCRUAL METHOD: The amount of interest that I will pay on this loan will be
calculated using the interest rate and accrual method stated on page 1 of this
note. For the purpose of interest calculation, the accrual method is stated,
then you may use any reasonable accrual method for calculating interest.

POST MATURITY RATE: For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

SINGLE ADVANCE LOANS: If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph below, or if we have agreed that accrued interest not paid when due
may be added to principal.

MULTIPLE ADVANCE LOANS: If this is a multiple advance loan, you and I expect
that you will make more than one advance of principal. If this is closed and
credit repaying a part of this principal will not entitle me to additional
credit.



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PAYMENTS BY LENDER: If you are authorized to pay, on my behalf, charges I am
obligated to pay (such as property insurance premiums), then you may treat
those payments made by you as advances and add them to the unpaid principal
under this note, as you may demand immediate payment of the charges.

SET-OFF: I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

   "Right to receive money from you" means:

   (1)  any deposit account balance I have with you;

   (2) any money owed to me on an item presented to you or in your possession
   for collection or exchange; and

   (3) any repurchase agreement or other non-deposit obligation.

         "Any amount due and payable under this note" means the total amount of
which you are entitled to demand payment under the terms of this note at the
time you set-off. This total includes any balance the due date for which you
properly accelerate under this note.

If my right to receive money from you is also owned by someone who has not
agreed to pay this note, your right of set-off will apply to my interest in the
obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

You will not be liable for the dishonor of any check when the dishonor occurs
because you set off this debt against any of my accounts. I agree to hold you
harmless from any such claims arising as a result of your exercise of your
right to set-off.

REAL ESTATE OR RESIDENCE SECURITY: If this note is secured by real estate or a
residence that is personal property, the existence or a default and your
remedies for such a default will be determined by applicable law, by the terms
of any separate instrument creating the security interest and to the extent not
prohibited by law and not contrary to the terms of the separate security
instrument, by the "Default" and Remedies" paragraphs herein.

DEFAULT: I will be in default if any one or more of the following occur: (1) I
fail to make a payment on time or in the amount due; (2) I fail to keep the
property insured, if required: (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe that you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without
first notifying you before making such a change; (10) I fail to plant,
cultivate and harvest crops in due season; (11) any loan proceeds are used for
a purpose that will contribute to excessive erosion of highly erodible land or
to the conversion of wetlands to produce an agricultural commodity, as further
explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

REMEDIES: If I am in default on this note you have, but are not limited to, the
following remedies:

   (1)  You may demand immediate payment of all I owe you under this note
        (principal, accrued unpaid interest and other accrued charges).

   (2)  You may set-off this debt against any right I have to the payment of
        money from you, subject to the terms of the "Set-Off" paragraph herein.

   (3)  You may demand security, additional security, or additional parties to
        be obligated to pay this note as a condition of not using any other
        remedy.


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   (4)  You may refuse to make advances to me or allow purchases on credit by
        herein.

   (5)  You may use any remedy you have under state or federal law.

By selecting any one or more of those remedies you do not give up your right to
later use any other remedy. By waiving your right to declare an event to be a
default, you do not waive your right to later consider the event as a default
if it continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES: I agree to pay all costs of collection,
replevin or any other or similar type or costs if I am in default. In addition,
if you fire an attorney to collect this note. I also agree to pay attorney's
fees of 15 percent of the principal and interest then owed, plus court costs
(except where prohibited by law). To the extent permitted by the United States
Bankruptcy Code, I also agree to pay the reasonable attorney's fees and costs
you incur to collect this debt as awarded by any court exercising jurisdiction
under the Bankruptcy Code.

WAIVER: I give up my rights to require you to do certain things, I will not
require you to:

   (1) demand payment of amounts due (presentment);

   (2) obtain official certification of nonpayment (protest);

   (3) give notice that amounts due have not been paid (notice of dishonor); or

   (4) give me notice prior to seizure of my personal property when you are
       seeking to foreclose a secured interest in any of my personal property
       used to secure a commercial transaction.

I waive any defenses I have based on suretyship or impairment of collateral.

OBLIGATIONS INDEPENDENT: I understand that I must pay this note even if someone
else has also agreed to pay it (by, for example, signing this form or a
separate guarantee or endorsement. You may sue me alone, or anyone else who is
obligated on this note, or any number of us together to collect this note. You
may do so without any notice that it has not been paid (notice of dishonor).
You may without notice release any party to this agreement without releasing
any other party. If you give up any of your rights, with or without notice, it
will not affect my duty to pay this note. Any extension of new credit to any of
us, or renewal of this note by all or less than all of us will not release me
from my duty to pay it. (Of course, you are entitled to only one payment in
full.) I agree that you may at your option extend this note or the debt
represented by this note, or any portion of the note or debt, from time to time
without limit or notice and for any term without affecting my liability for
payment of the note. I will not assign my obligation under this agreement
without your prior written approval.

FINANCIAL INFORMATION: I agree to provide you, upon request, any financial
statement or information you may deem necessary. I warrant that the financial
statements and information I provide to you are or will be accurate, correct
and complete.

NOTICE: Unless otherwise required by law, any notice to me shall be given by
delivering it or by mailing it by first class mail addressed to me at my last
known address. My current address in on page 1. I agree to inform you in
writing of any change in my address. I will give any notice to you by mailing
it first class to your address stated on page 1 of this agreement, or to any
other address that you have designated.